The outcome of not including legal claims and lawsuits in your bankruptcy ‘schedules’ can be devastating. Failing to disclose claims or lawsuits in your bankruptcy filing is dishonest and could allow the court to discharge your case and even to pursue criminal charges. Additionally, not disclosing this information may result in dismissal of your claim […]

The COVID -19 pandemic has caused many previously unforeseen changes to our daily lives and the laws and regulations which govern them. Here are a few notable issues which may impact our clients: BANKRUPTCY The CARE Act will exclude stimulus checks and other payments from being considered as income for MEANS testing or calculation of […]

For individuals, the most common bankruptcy options are Chapter 7 and Chapter 13. Determining which one to file under depends on several factors.  Your attorney will review your income, expenses, property/assets, type and amount of debt, and whether you have a previous bankruptcy discharge when recommending the best option for you. CHAPTER 7 BANKRUPTCY In […]

Notice of your bankruptcy filing will go to assorted people, businesses and organizations known as your creditors. You will be asked to provide a list of all your creditors when filing for bankruptcy. We suggest a three agency credit search be made as well to help ensure all of your creditors are identified. The list […]

Hiring an attorney that is familiar with the bankruptcy processes can be beneficial in providing professional guidance while making decisions to restore your financial independence. An experienced bankruptcy attorney will review/plan your case and assist you in making decisions that result in the most advantageous outcome. Legal representation could ultimately save you money, reveal potential […]

Immediately upon the bankruptcy being filed, an Automatic Stay Order is entered by the bankruptcy court. The Automatic Stay is an order staying or putting a halt to all collection activity. Notice of the Automatic Stay is provided to all creditors who are identified in your bankruptcy schedules. This Notice is normally mailed to creditors […]

Is Bankruptcy My Best Option?

Joe and Mary have been married for 20 years and have one child in college, one in high school and one in middle school. There is an elderly parent that they help to care for and support. Both are employed outside the home. Speaking of homes, they live in a moderate house in a safe […]

Tax Refunds and Bankruptcy

A tax refund in considered to be an intangible asset just like cash, stocks, bonds, account deposits and receivables. As such it is entitled to protection along with all other intangible assets in the total amount of $400 for a single individual filer; $800 for a couple under Indiana law. (This figure changes from time […]

During the initial meetings, you will hear us speak of the 341 Meeting or Meeting of Creditors. This will be face-to-face between you and the Bankruptcy Trustee or their staff attorney. It is possible that some of your creditors will attend the 341 Meeting as well. The 341 meeting will normally take place 3-4 weeks […]

Reality TV star Abby Lee Miller of Dance Mom’s fame has been sentenced to Federal Prison for bankruptcy fraud for hiding and otherwise failing to disclose funds held in secret accounts.  Routinely during the process of interviewing clients and through the process of preparing the petition and schedules we encourage clients to provide us with […]